Roth Capital sees Digital Turbine powering Verizon pre-installs of Netflix app. Roth Capital analyst Darren Aftahi said he believes Digital Turbine's (APPS) software is powering Verizon's (VZ) pre-installations of the Netflix (NFLX) app on Android phones, which he noted the streaming service partially attributed for its solid domestic subscriber add performance in Q3. The success Netflix has seen has the potential to expand to other carriers and markets and provide a tailwind for Digital Turbine, said Aftahi, who keeps a Buy rating and $3 price target on the shares.

Digital Turbine announced a multi-year agreement with Intex Technologies Ltd., a leading mobile and consumer electronics company in India. Intex Technologies has launched Digital Turbine's Mobile Delivery Platform across select mobile devices to improve app discovery and engagement for their end users.

Digital Turbine weaker Q1 overshadowed by Verizon renewal, says Roth Capital. Roth Capital analyst Darren Aftahi said Digital Turbine (APPS) reported modestly weaker Q1 results, but the "bigger news" was related to its renewal with Verizon (VZ), which he said will span four years and give the company the opportunity for gross margin upside if higher revenue tiers are achieved. The analyst, who now models FY19 growth of about 31% year-over-year, lowered his price target on Digital Turbine shares to $3 from $3.25 and keeps a Buy rating on the stock.

Along with the company's announcement last night of financial results for the fiscal first quarter, Digital Turbine (APPS) CEO Bill Stone stated: "Demand for our rapidly evolving suite of product solutions from existing and prospective new partners and advertisers is at all-time highs. We are very near finalizing a renewal of our valued partnership with a leading U.S.-based carrier. We view this renewal as an endorsement of our expanded platform and product roadmap, and it is expected to provide a source of meaningful potential growth for the company in the years ahead. Additionally, I continue to be optimistic about the company's capacity to partner with leading global OEMs as a means of significantly expanding the platform's reach, especially as it relates to the penetration and monetization of global markets where the 'unlocked' BYOD model prevails." Though not named, analyst have identified the U.S. carrier as Verizon (VZ). In early trading, Digital Turbine shares are up 3c, or 2%, to $1.47.